Marathon's Strong 4Q Results Give a Hint of 2018; Raising FVE
Marathon Petroleum closed out 2017 with strong fourth-quarter results as the refining segment benefited from improved market conditions. We continue to maintain a favorable long-term outlook for Marathon given its integrated business model and capacity for cash shareholder returns. Because post-hurricane refining conditions, including reduced product inventories and wider crude spreads, have proved more sustainable than we previously thought, the outlook for 2018 has improved. Incorporating stro...
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